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policies that crashed our economy in the first place. is >> tom: in cities across the u.s., the biggest mortgage lender, wells fargo looking to mend its image after accusations it steered minority homebuyers into sub-prime loans. the bank's strategy is to help certain home buyers with their down payments. as diane eastabook reports cities like chicago are hoping the grants could be a first step in turning around distressed neighborhoods. >> a of you out there probably o know what your numbers are. >> reporter: these chicagoans are lining up for what could be a chance of a lifetime. they're applying for $15,000 grants to be used for the purchase of a home. the money is coming from wells fargo and it's part of multi- million dollar national fair lending settlement between the bank, the u.s. justice department, and several states including illinois. >> the programs desire and intent was not only to spark not only the market, but to spark people's imagination to get them interested in buying a home again. >> reporter: the $8 million set aside for the chicago grants could help revitalizeu ne
to be a shift in preferences among young, potential homebuyers to live closer to the city or in the first ring of suburbs. many of them are looking o ay in apartments living rather than having a home further out where they need a car to get any where. they would have more of a mortgage they would be tied into. >> reporter: on the flip side, public spending on constructiono has fallen sharply. it's down 3.5% from a year ago, as state and local governments tighten their belts. the conruction industry is hoping next year will be better for hiring than this one. many u.s. businesses have put projects on hold, due to c political uncertainty, and worries about the fiscal cliff. but the most impoant factor is the economy: >> you might expect that as the housing recovery gets a little bit of pace over the next year or so, that should translatean into stronger hiring going forward. we are not going to return levels we were at before thern recession, the housing sector is not going be that big again. but the trend should be up. >> reporter: if construction improves, it's good for the economy as a whole
. sylvia hall, "n.b.r." washington. >> tom: our coverage of freelancers continues tomorrow in new york city. where they're breaking ground on the first medical facility dedicated tfreelance workers. we'll show you why it's not like your typical doctor's office. also tomorrow, some big earnings after the bell, microsoft and google. we'll have >> susie: if you watched last night's presidential debate, yos heard both president obama and governor romney talk about their efforts to help small businesses. but when it comes to creating jobs, tonight's commentator says not all small businesses are created equal. here's "inc." editor-ichief, eric schurenberg. >> repter: you may not have a clue about economics, but if you've been listening to politicians this year, you know one thing: small businesses create jobs. clear the way fo mom-and-pop m owners and we'll be back at 4% unemployment in no time. only prlem is, that's wrong. now, small businesses are great, but it should be obvious that putting a dry cleaner or a real estate broker on every corner is not going to save the economy. lik
brooklyn for its first medical facility. the number freelancers inan this new york city borough hasn increased 3,000% in the past decade. david himmelstein is a professor of public health at hunter llege, and thinks the clinic is a good idea. his concern is whether the union's insurance plan can llsurvive.s >> when you set up an insurance plan and say anyone can join, basically you are likely to attract sick older people who can't get insurance elsewhere in the system. and over the long term, that has doomed simir insurance efforts in the past. >> reporter: but the freelancers union hopes its holistic approach to medicine and emphasis on preventive care will help lower healthcare costs.ra and that's good for insurance company and patient alike. >> this can really give people the kind of care they need, and it omn also be much more economical, so we can make freelancers' dollars go further. >> reporter: if the pilot is successful, the freelan ers eeunio hopes un exp ed to other cities around the country.d erika miller, nbr, brooklyn. >> tom: tomorrow on nbr, we meet a woman who says s
to the study. doctor stephen kingsmore led the research team at children's mercy hospitals in kansas city. he's the director for the center for pediatric genomic medicine there. dr. kingsmore, welcome, and thank you for being with us. first of all,-- >> thank you very much. >> warner: how big a breakthrough is this? >> this is a big breakthrough. we've been working toward this goal for a coup of years now. there has been a big gap between the knowledge that we have of genetic diseases, about 35% of them, and the ability for doctors to identify which of these was a problem in any given child with an illness. >> warner: and up until now, how much have you been able to diagnose the d.n.a. abnormalities? how quickly? i mean, i said it can take weeks and weeks, but what's the process that's making it so slow now? >> well, typically, the way that this has been tested is for a doctor to pick the leading candidate gene or part of the d.n.a. code, and to look at just that. it's kind of like fishing with a single fishing line. it can take months. sometimes it takes five years to make a diagnosis. and d
of all the city's cultural institutions, and said his grandparents had their first date there. paulson's known for making billions by bting on theti collapse of the housing market. >> susie: lovely donation. >> tom: that's "nightly business report" for tuesday, october 23. good nightsusie, and good a night, everyone. >> susie:ood night, thanks for watching, everyone. we'll see you online at, and back here tomorrow night. captioning sponsored by wp captioned by media access group at wgbh >> join us anytime at there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page-- bizrpt. and on twitter @bizrpt.
, jews, gentiles... >> narrator: obama arrived in chicago after the election of the city's first black mayor, harold washington. >> ...have joined hands to form a new democratic coalition... (applause and cheers)ch >> i think that the fact that chicago had elected an african-american mayor in harold washington sort of emphasized with barack that he was coming to a city where blacks were a major presence and had some significance. >> narrator: washington's politics were a living examplen' of what obama was looking for. >> what washington was able to do was to put together these coalitions-- african-americans, latinos and progressive whites. and he was able to pull that together and beat the machine. >> god bless you all and thank you from the bottom of my heart. >> and that kind of coalition building was incredibly influential for barack. >> narrator: obama's laboratory would be the city's south side. >> we had put an ad in a number of newspapers for a community organizer in the south side of chicago. i'm looking for anybody who might be a good organizer, but i particularly need somebod
; destruction in an ancient syrian city; and the world's oldest playable recording. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: hurricane "sandy" beat a path across stern cuba and the bahamas today as a category-2 storm. it's being blamed for at least four deaths so far. "sandy" brought strong surf, heavy rain and winds topping 105 miles an hour, and it left behind a trail of downed power lines and uprooted trees. the edges of the storm will likely bring tropical storm conditions to southeast florida, and, as it moves north, the mid- atlantic and northeast could also feel the effects through early next week. forecasters are also predicting "sandy" could collide with a blast of arctic air from the north, creating conditions for a super storm along the east coast. a new wave of ethnic violence has erupted across western myanmar, killing at least 56 people. dozens more were wounded in the clashes between buddhists and muslims. the violencee-ignited en sunday in rakhine state, triggering the worst fighting the country has seen since june. nearly 2,000 homes were
in a bus, on her way home from school, in the northeastern city of mingora, in pakistan's swat valley. at a military hospital in peshawar, doctors removed a bullet from her neck. the attack drew worldwide condemnation. speaking at the state department on the first ever international day of the girl, secretary of state hillary clinton said yousufzai is a brave young woman. >> yesterday's attack reminds us of the challenges that girls face, whether it is poverty or marginalization or even violence just for speaking out for their basic rights. >> woodruff: the taliban called the teenager's work an obscenity and pledged to make a new attempt to kill her, if she survives. for more on all of this we turn to "newshour" special correspondent saima mohsin. i spoke to her a short while ago from islamabad, pakistan. saima mohsin, welcome. first of all, we know the taliban are claiming responsibility. what more do we know about that? >> reporter: yes, the taliban have released a statement accepting responsibility and saying this is because they believe malala yousufzai, this 14-year-old girl from
in the syrian city of aleppo; the record- breaking sky jump; and the legacy of arlen specter. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: two americans won the 2012 nobel prize in economics today for research on market design and matching. it affects everything from placing doctors in the right hospitals to pairing students with the schools they most want. the honorees are alvin roth of harvard university, and currently a visiting professor at stanford university, and lloyd shapley, a professor emeritus at the university of california los angeles. wall street had a strong start to the week on news of rising retail sales and better-than- expected earnings at citigroup. the dow jones industrial average gained 95 points to close at 13,424. the nasdaq rose 20 points to close at 3064. a 14-year-old pakistani girl who was shot by a taliban gunman was flown to england today for medical treatment. we have a report from lindsey hilsum of independent television news. >> reporter: the ambulance drove slowly from birmingham airport. inside the girl was still sedat
, freedom, and dignity." the emir of qatar made a landmark trip to gaza today. the first visit by anyit head of state since hamas seized control there five years ago. gazans lined the mn road ton gaza city, as the emir waved at them from his car. he also met with hamas leaders and urged them to reconcile with the rival fatah faction, which rules the west bank. israel maintains a sea blockade of gaza, but qatar has promised to deliver hundreds of million dollars in aid by land route through egypt. those are some of the day's major stories. now, back to judy. >> woodruff: and we return to the final presidential debe with a closer look at thee arguable statements made by both candidates. margaret warner has our report. >> warner: last night's final presidential debate took on a lo questions. and the answers at times raised further questions. as we did last week, today we reviewed some of what was said eand how itan match the t recor. starting with mitt romney's charge that from the beginning of his term, president obama was apologizing overseas for america's actions. >> the president began what
drilling at the viking football classic between elizabeth city state and sawnt augustine. registering new voters and bringing in actress journey smolet to mix with the crowd. 18-year-old sure petty was fired up by casting her first vote >> everybody is excitedded. everybody's really excited about getting obama in for a second term. >> brown: of course for mitt romney this is perhaps even more a must-win state. he's made numerous visits and republicans insist they won't let things slip away again. bob lockwood is communications director for the north carolina g.o.p. >> comparatively from where we were in 2008 to where we are now we've made 20 times the amount of phone calls, more than 100 times the amount of door knocks. over two million voter contacts more than we did in all of 2008 in north carolina. we're doing a great job getting our message out >> brown: one final wild card here the role that social issues might play. in may north carolina voters overwhelming passed a ban on same sex marriage. the very next day president obama announced that he supports gay marriage. sunday morning se
in the dutch city of rotterdam. seven paintings were stolen, including works by monet, picasso, and matisse, among others. they're part of a private collection that was being exhibited publicly for the first time. police did not explain how the robbers managed it, but one museum security expert said they had to get through a sophisticated security system. >> the response was very quick. thieves were not able to steal many paintings but unfortunately they got out a few paintings. these paintings will remain on the crime scene for many many years, maybe because they can't sell them they might destroy them. again it's impossible to sell them. >> sreenivasan: the paintings would be worth hundreds of millions of dollars if they were sold legally. the c.e.o. of citigroup abruptly resigned today, effective immediately. vikram pandit and his chief operating officer, john havens, both stepped down. citigroup said michael corbat will step in as c.e.o. he had been the bank's chief executive for europe, the middle east and africa. the company gave no explanation for the sudden departures, but the "wall
Search Results 0 to 13 of about 14 (some duplicates have been removed)

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